Cheap Apartments for Rent in the Devon Neighborhood of Indianapolis, IN from $500 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Devon area of Indianapolis.

property at 3165 Station St

$699 - $749

Studio To 3 Bedroom Rentals

Available Now

3165 Station St

IndianapolisIN46218

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property at 5976 Radnor Rd

$1,100

2 Bedroom Rentals

Available Now

5976 Radnor Rd

IndianapolisIN46226
property at 5960 42nd St

$1,100

2 Bedroom Rentals

Available Now

5960 42nd St

IndianapolisIN46226

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226

Devon - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Chateau in the Woods
1 to 3 Bedroom Apartments

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
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Harbour Pointe
1 to 2 Bedroom Apartments

Harbour Pointe

4400 E Fall Creek Parkway North DrIndianapolis, IN 46205
Corporate Housing
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7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205
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Ashton Park
2 Bedroom Apartments

Ashton Park

2917-3039 E 47th StIndianapolis, IN 46205
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Hubbard Gardens
1 to 2 Bedroom Apartments

Hubbard Gardens

4004 Meadows DrIndianapolis, IN 46205
  • Utilities Included
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The Lodge Apartments
1 to 2 Bedroom Apartments

The Lodge Apartments

4816 Alsuda DrIndianapolis, IN 46205
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Fountain Parc
1 to 3 Bedroom Apartments

Fountain Parc

4901 Whitton PlIndianapolis, IN 46220

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-45, Page 1 of 1

Devon, Indianapolis, IN Local Guide

Cheapest Available Devon Apartments for Rent

 

The cheapest available apartment rental in the Devon area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $665. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $703. Here are the most affordable Devon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$665
East Village at Avondale Meadows ApartmentsA11BR,1BA$703
Chateau De VilleS1 BordeauxStudio,1BA$773
Trails at LakesideVictoria1BR,1BA$850
The Prairies Apartment Homes1x1 Classic1BR,1BA$909
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$960
Park Forest Apartments2BR/1BA2BR,1BA$995
Willow BrookOne Bedroom One Bath1BR,1BA$999
Fallwood1 Bed/1.5 Ba Dn1BR,1BA$1,015
7 Pointe ApartmentsGarnet2BR,2BA$1,069

Best Value Apartments for Rent in Devon, IN

As of August 03, 2026 the best value apartment in the Devon area is the $1.24 price per square foot B14 Brockton Woods Townhome Model at Brockton in the in the Allisonville neighborhood starting from $1,509. The second greatest value Devon apartment is the B2 Model at East Village at Avondale Meadows Apartments starting at $1,225 with a $1.14 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Devon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
BrocktonB14 Brockton Woods Townhome2BR,1.5BA$1.24
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.14
Park Forest Apartments2BR/1BA2BR,1BA$1.07
Fountain ParcThe Magic1BR,1BA$1.47
7 Pointe ApartmentsCrimson1BR,1BA$1.35
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.34
Willow BrookOne Bedroom One Bath1BR,1BA$1.43
The Prairies Apartment Homes1x1 Upgraded1BR,1BA$1.49
Trails at LakesideVictoria1BR,1BA$1.43
Chateau De VilleS1 BordeauxStudio ,1BA$1.49

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Devon, Indianapolis, IN

Ranked #160

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Devon Apartments

What is a cheap apartment in Devon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devon is under $1,069.

What is the price of a cheap apartment in Devon?

The cheapest apartment in Devon is East Village at Avondale Meadows Apartments which is listed at $703, while the average apartment in Devon costs $1,195.

What types of apartments are the cheapest in Devon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Devon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Devon?

Cheap apartments in Devon have an average cost of $205 which is $990 cheaper than the average rent for all rentals in Devon.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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